Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Albany area can be challenging. Home prices in Albany are now at a median cost of $179,761, lower than the Louisiana average of $194,522.
The average cost of rent is $704/mo in Albany, primarily driven by the current value of real estate in the Albany area. While nearly 50.82% of residents own their homes outright in Albany, 22.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albany is $6,818 per month. Households that rent pay about 10.32% of their income on rent here. Albany's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Holden, LA: less expensive homes
- Woodhaven, LA: equally priced homes
- Tickfaw, LA: less expensive homes
- Hammond, LA: equally priced homes
- Springville, LA: less expensive homes
- Springfield, LA: less expensive homes
- Magnolia, LA: equally priced homes
- Independence, LA: equally priced homes
- Doyle, LA: less expensive homes
- Natalbany, LA: equally priced homes
Cities with Similar Populations
- McCormick, SC: higher priced homes
- Kings Point, NY: higher priced homes
- Munfordville, KY: less expensive homes
- Calipatria, CA: equally priced homes
- Culloden, WV: less expensive homes
- Pierre Part, LA: equally priced homes
- Belford, NJ: higher priced homes
- Calverton, NY: higher priced homes
- New Carlisle, IN: less expensive homes
- Homosassa, FL: higher priced homes
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